Journal Register Co. Files for Chapter 11, Expects Normal Operations to Continue
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YARDLEY, PA—February 21, 2009—Journal Register Co. today announced that the company and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York to implement a pre-negotiated plan of reorganization (the “Plan”) with certain of its secured lenders designed to substantially reduce the company’s debt. The company intends to continue to operate as usual, and does not anticipate any business interruption during the restructuring. (Three commercial printing operations are among its holdings, the largest being Journal Register Offset with and 86,000 sq.ft. facility in Exton, PA that employs approximately 100 people.)
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